You ready?

[Anonymous No.57268664]

T+1

[Anonymous No.57268674]

>>57268664
Explain to me I am nigger

[Anonymous No.57268675]

>>57268664
Ready for what?
Miners were selling otc before.
Miners are selling otc now
Nothing happens on the market, the big trades are otc and Miners have millions of coins

[Anonymous No.57268676]

>>57268664
I ain't readin' all'at, tldr?

[Anonymous No.57268684]

>>57268675
>Miners have millions of coins
no
>>57268676
actual btc purchases happen day after trade of etf

[Anonymous No.57268689]

>>57268676
why don't you want to read it?

[Anonymous No.57268713]

>>57268684
so theyhave a day to short the price lower and then buy.

[Anonymous No.57268717]

>>57268664
>here's how the ETFs can still win

[Anonymous No.57268722]

>>57268713
why do you think blackrock or any issuer cares about the price? they make their money on fees per transaction, they have no long/short exposure.
furthermore, an attractive investment is likely to garner more attention and more fees for them.

[Anonymous No.57268725]

>>57268664
>>57268674
if etf and bitcoin price movements diverge at the end of the week then there is an arbitrage opportunity since they are forced to make exchanges the next business day. in reality it benefits only coinbase and the etf issuers since they are adding worthless volume at whatever the price happens to be, meaning the real market has less influence on price movement. more sideways markets, less opportunities for regular people to make money

>>57268713
and or as this anon says, they'll manipulate the market to get a better deal for the etf but the net effect is the same - more fake volume, less price movement

[Anonymous No.57268726]

This shit is more complicated than buying the coins outright from CEXes.
Wtf is wrong with boomers?

[Anonymous No.57268729]

>>57268726
muh pension cant buy bitcoin

[Anonymous No.57268738]

OooooOOOOOoooooh gonna bust

[Anonymous No.57268748]

>>57268664
C+ope by CT lazer-eyes

[Anonymous No.57268756]

>it will pump at announcement
>it will pump at market open
>it will pump at market close
>it will pump next day
Kek, baggies. It’s over.

[Anonymous No.57268781]

oh I meant to say

>the NAV-adjusted price for IBIT deviates greatly from the index price ($57,000 vs $46,000)
>this presents a major arbitrage opportunity for Coinbase and other market makers
>on market open, Coinbase and market makers will market buy such that the CEX price promptly ascends to the correct price of $56,000

[Anonymous No.57268806]

>>57268756
We don't need it to pump. Just continuing the steady rise will be fine.

[Anonymous No.57268825]

>>57268664
>psyops

i have seen this already on beoble

[Anonymous No.57268858]

>>57268756
>two more weeks
Super joever. We have been played

[Anonymous No.57268895]

>>57268664
>all the bitcoins from all ETFs are actually at coinbase
So that's what all this CEX warfare was about, establishing a monopoly for ETFs. And nobody even reports on this because boomers are too retarded to understand what's happening

[Anonymous No.57268914]

>>57268895
>coinbase
except fidelity who built their own self-custody
also i think one of the others is using gemini maybe HODL?

[Anonymous No.57269474]

>>57268726
>Wtf is wrong with boomers?
Most institutions can only buy ETP's.
Could you even add BTC to your 401k before the ETF?

[Anonymous No.57269521]

>>57268722
>they have no long/short exposure
Then what was all that seed money they put into their funds this past month?
If nobody bought their etf, they'd be looking at it saying "shit, this is too much long exposure".

[Anonymous No.57269595]

>>57268664
>2. when to create or redeem shares
this is only for open-ended funds. i would bet these are mostly closed-end and he doesn't know that what he's talking about isn't relevant, but i could be wrong.
>4-6
the part about coinbase being "custodian" is correct; not blackrock's keys, not blackrock's wallet
think about that a minute
>7
a NAV is not a ledger entry that gets updated as a result of fund behavior. it's Net Asset Value. if bitcoin goes to zero OTC, then NAV is zero, plus any customer cash lying around not yet settled. the value of the fund's assets does not respond only to that fund changing its allocation size. it gets updated as a result of the real demand for the "real" bitcoin.
>8
again this is only open-ended funds. closed-end funds don't create new shares like that.
>9
there's nothing weird about this because the bitcoin network itself arrives at consensus for a block within an hour or two even at the highest-traffic times in its history
>>57268713
you can't "short bitcoin" on the network. that doesn't exist. on the network, only final transactions exist.
funds are not allowed to run a long/short portfolio against their own product. that is illegal.
>>57268725
>if etf and bitcoin price movements diverge at the end of the week then there is an arbitrage opportunity since they are forced to make exchanges the next business day.
if would be literally suicidal for you to long bitcoin during the day while watching only one fund manager out of a dozen who are servicing a bitcoin ETF, waiting for them to settle their customer cash after market hours.
you will lose that bet more than you win it, 10:1, and be broke in about three weeks.

[Anonymous No.57269641]

>faster than other assets with t+2 settlement cycles
Everything is moving to t+1. It’s all anyone can talk about anyway, the never ending t+1 cycle meetings are fuckin pointless

[Anonymous No.57270385]

XRP can do t+0.

[Anonymous No.57271756]

>>57268664
I honestly thought the majority of btc maxis were in the "break away from institutional finance" camp. With all the corporate dicksucking that's occurred in the last week I think there are more in the "we need legacy finance adoption" group. Gross

[Anonymous No.57272471]

>>57271756
No. Bitcoin is a natural resource, ie. digital energy. People, associations and corporations can do whatever they want with whatever amount of that resource they can get their hands on. The more people using it for whatever purpose, the better. IDGAF if they use it for their ETFs, or somehow physically manifest it and shove it up their ass. As long as they don't impede other people's ability to obtain it themselves (ie. don't fucking make it illegal to buy/trade actual Bitcoin) then everything is working as intended.

[Anonymous No.57272504]

>>57268738
lord have mercy it's my dream to fuck an egyptian cat girl

[Anonymous No.57272694]

>>57268664
We are going to have to wait until all the GBTC is sold. It's been locked up since 2015.
Once all that is transferred to the ETF's AND Coinbases OTC wallets are drained. (4 billion yesterday) then we are off to the races.

[Anonymous No.57272999]

>>57272694

[Anonymous No.57273021]

>>57268664
Tired of these gme style schizos. It's sell the news. Come back next week.

[Anonymous No.57273048]

>>57271756
Yep it's making Bitcoin a joke, Satoshi turning in his figurative grave if he wasn't some government figurehead